The dramatic claim in the title is not well supported by the content.
What seems to be happening is churn. Geocities was supplanted by Myspace, which was crushed by Facebook, which was marginalized by Tiktok... Does this ever settle, or what?
The real breakthrough would be if someone came up with something like Craigslist that won on price. Operate at a low enough cost that just charging for ads in areas where people purposefully look at ads, such as apartment rentals, is enough to keep the the thing going.
Make social so cheap that the big players go bust.
What seems to be happening is churn. Geocities was supplanted by Myspace, which was crushed by Facebook, which was marginalized by Tiktok... Does this ever settle, or what?
The real breakthrough would be if someone came up with something like Craigslist that won on price. Operate at a low enough cost that just charging for ads in areas where people purposefully look at ads, such as apartment rentals, is enough to keep the the thing going. Make social so cheap that the big players go bust.